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20130206
20130206
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MSNBC 6
MSNBCW 6
CNN 3
CNNW 3
CSPAN2 1
WRC (NBC) 1
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English 25
Search Results 0 to 24 of about 25 (some duplicates have been removed)
FOX News
Feb 6, 2013 6:00am PST
are in for a massive and unsustainable increasing deficit if we don't get a handle on entitlements. good morning. glad to have you with us. gregg: the cbo is saying it deficit will go down to $840 billion. that's the first time it will drop a trillion dollars under president obama. martha: but with baby boomers retiring at the rate of 10,000 people a day. entitlement spending is set to explode. stuart, as we pointed out, there is a lot of enthusiasm that we won't rack up a trillion dollar deficit. >> reporter: the headline was all about the deficit is going to be below a trillion dollars. that's great news. the bad news and there is a lot of it. the next 10 years medicare will cost $1 trillion a year. obama-care subsidies will total nearly a trillion dollars. the cost of medicaid will double and the debt will go to the highest portion of tour economy than it's been in a generation. there is dismal views on the current state of the economy. 1.4% growth this year and the unemployment rate will rise at 8% and stay that way for years to come. martha: the cbo makes very clear we need to do some entitlement
MSNBC
Feb 6, 2013 2:30am PST
the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year. that's compared to $1.1 trillion short fall. the outlook predicts the improvements will not last. it warns that an aging population will drive up retirement spending and rising interest rates will put the debt at unsustainable level it's current laws remain in place, debt by 2023 will equal 77% of gross domestic product. that is roughly double the 39% average seen over the past 40 years. >>> coming off the republicans' bruising defeat, eric cantor is looking to rebrand his party n a speech at a d.c. think tank, he moved away from his combative tone expressing a need to work on issues with president obama important to the nation. >> hour house majority will
MSNBC
Feb 6, 2013 1:00pm PST
, there are good points. for instance, deficits are decreasing. however, all i ever hear from republicans is the president needs to get serious. from speaker john boehner. that's the best impersonation i can give you. >> it's not bad. >> wasn't very good, nothing personal. >> but dana, is that it? >> well, that was a little raspy, your john boehner. but i think you've captured the sentiment, more or less correctly. and yes, the cbo report shows that the deficit is shrinking. but it is also showing the efforts to shrink the deficit have taken away from growth and the economy. you can't have one of these things without the other. now, i think there's a fallacy in the first question you posed to jared. that is that republicans would be very upset if there were a double-dip recession in a political sense as rush limbaugh and others have stated, they may be in a stronger position if the economy goes back into recession. then the president and his majority party will be less powerful. so they actually have a political incentive. >> hang on a second, dana. you're saying something that's troublin
MSNBC
Feb 6, 2013 7:00am PST
their leverage right now. >> we got some projections yesterday on the deficit, projected to be $845 billion, that would be under a trillion for the first time since 2008. does this play into all of this discussion at all? >> i mean, it's fairly consistent with the president's proposal, which is to say he doesn't want to cut spending too much right now. he wants to do some long-term spending reduction on the de deficit. republicans say don't trust him. i don't think republicans will be swayed by the cbo report. they have what they see as a mandate from voters, cut spending. >> let me bring in congressman john yarmuth. what would you like to see? >> i think some of the spending you mentioned could be very youthful. some of the farm subsidies that are unjustified. i'd like to consider a securities transaction pack, the so called wall street packs that can raise tens of billions of dollars. and we can do some cutting, but in that cbo report that you mentioned, it also said that the kind of austerity program which the sequester would represent would be damaging to the recovery, would hurt gdp, a
NBC
Feb 6, 2013 6:00pm EST
sent him a message. the symbolic vote he detail how he would cut the deficit to avoid the automatic spending cuts next month. >> mr. president, you missed the deadline again. let's see your plan. let's show it to the american people and have the discussion about the proper way to manage down this debt and deficit. >> reporter: without a budget deal on march 1st so-called sequestration will force reductions in military training, cutbacks in operations, and layoffs of civilian pentagon employees plus civilian defense contractors. >> it's an idiotic management nightmare to try to run a complex sophisticated, long-term program when you have short-term, massive cuts. >> reporter: deep cuts also loom in social services. outgoing defense secretary panetta slammed democrats and republicans for their game of chicken. >> let's see how bad it can get in order to have the other party blink. >> reporter: some senate republicans today said push the deadline back seven months. but house speaker john boehner said in effect he will not blink. >> at some point, washington has to deal with its spendin
CSPAN
Feb 6, 2013 9:00am EST
. grappling with a record debt and deficits, threat of global warming, threat of global poverty, pandemics, of national security challenges like continuing war on terrorism, instability of iran and north korea, rising powers, turmoil across the middle east, turmoil in north africa, the proliferation of weapons of mass destruction, and the growing threat of cyber attacks. how we confront these problems, how we deal with these challenges will in many ways determine the future course of america. it will determine whether the united states will be a leader in the 21st century, or whether we will be just another failed empire in history. to succeed, we will depend on the resilience of our economy, the strength of our diplomatic and military institutions, and above all, the effectiveness of our political system. that underpins in many ways everything we do as a country. and that brings me to what i see as perhaps the most urgent task, facing this nation and facing all of us. and that is overcoming the partisan dysfunction in congress that poses a threat to our quality of life, to our national se
FOX News
Feb 6, 2013 8:00am PST
an economic value of negative $16.3 billion. that is basically a deficit in its capital reserve because of mortgages continuing to go bad. but one fha critic, ed pinto, of the american enterprise institute testified today by his analysis the fha is actually short by more than $50 billion. so critics say that this means the fha is headed for a bailout but, fha supporters say that the critics are hyperventilating. >> if the fha were a private financialness stigs likely somebody would be fired, somebody would be fined or the institution would find itself in receivership. instead it is merely merrily on its way to becoming the recipient of the next great taxpayer bailout. >> i don't think there are many independent people think we're looking at the next great bailout. yes, the fha is little bit of an issue at the moment because of its countercyclical mission, by the way it was part of a their original mission to come in during the difficult times. they did that and they are in trouble because of it. >> reporter: house republicans got legislation through congress last year to try to reform t
CNN
Feb 5, 2013 8:00pm PST
will do more than anything else to shrink the deficit and long-term tax reform, long-term entitlement reform. that's the right way to do it. but to cut now because we want to reform entitlements later doesn't make any sense. >> let me ask about that. you talk about tax reform. that's something the left wants and something the right wants. the problem is with tax reform, what it entails. here's the president today talking about tax reform, closing loopholes. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy, should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> they're not little and they're not few and they're not easy. of the five of the top ten tax expenditures, these are loopholes. mortgage interest deduction, the deduction we get for health care, the child tax credit, deduction for state and local taxes, charity. okay. the presid
MSNBC
Feb 5, 2013 5:00pm PST
talking about the deficit. >> really? oh, yes. eric cantor to the rescue. he is ready to save the republican image and put a stop to the electoral college losses, right? of course, this is not the first time eric cantor has tried to save the party. you see, it actually is the fourth attempt that he has had. in 2009, cantor held a pizza party, remember that? with jeb bush and mitt romney by launching the national council for a new america that didn't work. a year later, cantor was back at it. he was one of the young guns ready to take the republican party by storm. >> there is a better way, and a new team is ready to bring america back. eric cantor, kevin mccarthy, paul ryan joined by common-sense conservative candidates from across the country. together, they are ready to make history. together they are the young guns. >> the good old days. in 2011, cantor launched the you cut program. he wanted to get the public to vote on weekly cuts to federal government. another year, another failure. so today cantor launched the "making life work" campaign. he is trying desperately to avo
Current
Feb 6, 2013 3:00am PST
. >> no. no. well the first of the year on the fiscal cliff. on the deficit. then they caved, once they came back. right? on the budget and extended things again. isn't it likely no matter their bluff, they are going to cave on the sequester as well? >> we will see what happens. on top republicans are set to unveil their package with sec wrestration and they are likely to introduce a plan to pay for a year's worth of sequester cuts, a year reduction in the federal work force through attrition, not people losing their jobs but that's what they are set to unveil. >> that's kelly ayott, the chair of the house armed services committee and reveal an alternate plan and say what president obama suggested is dead on arrival in the house, not going to make it through congress >> bill: but they will come up with their own plan? >> they will later this afternoon. >> juan aa summers reporter for politico pro the paid addition? >> we are behind the pay wall but i pop up on the main site to cause trouble. >> defense related issues chuck hagel's nomination sequester,
Search Results 0 to 24 of about 25 (some duplicates have been removed)